Searches And Hires
The plan will commit $160 million total to infrastructure through 2029.
The plan rehired its incumbent in 2020 after conducting a similar search.
The plan also recently concluded a liquid credit manager search.
The pension system increased private equity and infrastructure and real assets following changes approved this week.
The plan made two commitments for pacing purposes at today’s board meeting.
The search is due to portfolio manager changes and underperformance by the incumbent.
The pension fund swapped out an active large-cap value equity mandate for a passive one in the second quarter.
The institution is in a search for discretionary alternative investment management services for its portfolio, which has strategic allocations of 50% to marketable alternatives, 30% to private credit and 20% to private equity.
The organization is seeking an advisor to assist with supporting its portfolio of innovations with capital and financing strategy as well as business models and operations for growth.
The association has issued an RFP seeking firms to provide comprehensive finance, accounting, technology and financial management outsourcing services as it evaluates its operational approach.
